Presley K Wesseh
Xiamen University, China
Title: Optimal power supply strategy for China towards 2050 under high renewable energy penetration
Biography
Biography: Presley K Wesseh
Abstract
The production and utilization of energy constitutes a significant share of global environmental costs and damages. However, considering the importance of energy for growth and development, the need for a sustainable energy transition cannot be overemphasized and this is further exacerbated by growing concerns about climate change and few cases of nuclear accidents. The purpose of this study is to quantify the impacts of a potential transition towards renewable electricity and estimate the investment requirement for achieving a low-carbon electricity generation mix. The framework developed in this study to assess the optimal technology combination is built using MESSAGE, a bottom-up energy supply optimization model. The results point to wind and solar as the most promising technologies and provide insights that a carbon tax implemented in isolation is not a cost-effective strategy for mitigation.